Student finance in England is about to get a huge overhaul. The new changes to the system introduced by the government in the form of new ‘Plan 5’ loans will make student finance significantly more expensive in England. If you’re heading to university this summer, here are three major student finance changes you should know about. Student loan repayment threshold will fallCurrently, under Plan 2 student loans, graduates repay 9% of their income above £27,295. Student finance repayment changes for graduatesMost students don’t pay off their student loans.

Source: The Times May 11, 2023 02:55 UTC